Tech

Camtel Could Soon Offer Amazon Cloud and AI Services in Cameroon

Cameroon Telecommunications (Camtel) and Amazon Web Services (AWS) are exploring potential collaboration in cloud computing, artificial intelligence, and satellite technologies, as the state-owned telecom operator seeks to expand its digital services. An AWS delegation for Africa, including Raya Nassar and Terrence Naidoo, recently met with Camtel Chief Executive Officer Judith Yah Sunday. The meeting was also attended by Antoinette Manyaga, information and communications technology representative at the U.S. Embassy in Cameroon. According to Camtel, the discussions focused on satellite technologies, cloud services, and artificial intelligence. The two companies are exploring areas of cooperation that could support Cameroon's digital transformation and…
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Banking and Finance

Cameroonian Microfinance Firm Renaprov Presses Ahead With BVMAC Listing Despite Raising Only 13% of Its Target

Renaprov Finance has moved one step closer to listing on the Central African Stock Exchange (BVMAC), although it raised only a fraction of the capital it initially sought. The Central African Stock Exchange said on July 21 that the microfinance institution's 52,019 newly issued shares, worth a combined CFA1.092 billion ($1.9 million), have been admitted to the Central Securities Depository (DCU) of the Central African Economic and Monetary Community (CEMAC). The admission took effect on June 30. In a statement signed by BVMAC Chief Executive Officer Louis Banga Ntolo, the exchange said the move comes "ahead of the company's upcoming…
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Entrepreneurship

Cameroon's State Livestock Company Yet to Write Off CFA92.7 Million in Uncollectible Customer Debts More Than 15 Years Later

Cameroon's Livestock Development and Production Corporation (Sodepa) continues to carry CFA92.7 million ($160,000) in old trade receivables on its balance sheet, most of them linked to meat sold on credit to customers who have since died or cannot be located. Fully impaired, some of the receivables date back more than 15 years and now require formal approval to be written off. In the notes to its 2025 financial statements, the state-owned company said that "doubtful receivables amounting to CFA92,699,815 as of December 31, 2025, are very old and have been fully provided for." The receivables mainly stem from credit sales…
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Entrepreneurship

Dangote Eyes Cameroon Fuel Terminal to Expand Refinery's Central Africa Reach

Dangote Group considers building a petroleum products storage terminal in Cameroon, a project that could create a new outlet for fuels produced at its Lekki refinery in Nigeria while strengthening the company's presence in Cameroon and across Central Africa. The proposal, which remains at the discussion stage, was presented to Prime Minister Joseph Dion Ngute on July 21 by Devakumar Edwin, Dangote Group's Vice President for Oil, Gas and Fertilizer. According to Edwin, the company wants to explore the development of a storage facility that would help build Cameroon’s strategic petroleum reserves and improve the country's fuel supply security. The…
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Tech

Cameroon Joins Global AI Body as Founding Member

Cameroon, along with 28 other countries, signed the agreement establishing the World Artificial Intelligence Cooperation Organization, WAICO, a new intergovernmental body aimed at strengthening international cooperation and global governance in artificial intelligence. The agreement was signed in Shanghai, China, ahead of the 2026 World Artificial Intelligence Conference, held from July 17 to 20 under the theme: “AI Partnerships for a Brighter Future.” The Minister of Minister of Posts and Telecommunications, Minette Libom Li Likeng, signed on behalf of the country. WAICO will be headquartered in Shanghai and run as an independent intergovernmental organization, tasked with promoting international cooperation and global…
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